Litecoin is a cryptographic money, in light of the innovation of blockchain. That is, it is completely decentralized, no delegates, organizations or focal firewall are required for its activity.
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Pros
It has open source code.
The basis of its work is the Scrypt algorithm
Transactions have a minimum commission.
Cons
Litecoin is its outright namelessness, which makes a terrible picture for the coin, as it is regularly utilized for unlawful things in DarkNet.